This schematic is hard to read, but you can get a reasonable picture from it.
The SMPS controller appears to be on a floating ground. The mosfet switches power from the DC Bus through an 8.2 ohm resistor to the floating ground. The inductor is connected to this floating ground. Now I understand the purpose of the resistor is to provide current feedback, but thats about where it stops. I can kind of see how it works, and i like it, the whole controller sits between the inductor and the DCBus.
I tried to google for app notes on this but without sucess. I take it if I were to use this same configuration with a different controller, then I would be wise to clamp the voltage across the controller itself?
Regards:
Andy